Manager - Commercial (P2P)

Vibrant Energy is a portfolio company of Macquarie Asset Managements Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is operating and delivering c. 2GW of renewable energy solutions for corporates. https:\/\/www.vibrantenergy.in

Role Overview

The Commercial Manager for P2P leads the full invoicing lifecycle receipt, validation, reconciliation, payment, and reporting while optimizing commercial terms, ensuring compliance, managing vendor relationships, and enhancing process efficiency.

Key Responsibilities

Strategic & Commercial OversightDefine the vendor invoice operations strategy, balancing payment timing, cash flow, and vendor satisfactionCollaborate with procurement team to identify better commercial terms with vendors for cost-saving opportunities, support processes, and if required participate in negotiationsProcess & Team LeadershipOversee the invoice processing team, set performance targets, monitor KPIs like invoice turnaround time, accuracy, and agingManage stakeholders to ensure smooth operationsIdentify process gaps and associated risks, and provide mitigation solutionsInvoice Control & ReconciliationManage PO matching, GRN reconciliation, and non-PO invoice resolution per best practicesConduct monthly vendor statement reconciliations and proactively resolve discrepanciesMonitor open POs, follow up on goods receipts and invoices, maintain documentation for audit\/complianceGenerate and analyze vendor debit & credit balance reports with aging and notify stakeholdersVendor & Stakeholder EngagementAct as the primary contact for vendor billing queries, disputes, and escalationsCoordinate with procurement, treasury, finance, and other departments to align invoice processing with policies and obligationsProcess Improvement & AutomationIdentify efficiency opportunities through technologyLead continuous improvement initiatives and support digital transformation effortsCompliance, Controls & ReportingEnsure adherence to internal controls, accounting, tax, and audit requirementsPrepare reports on aging, KPIs, vendor spend, and support month-end close and auditsRisk ManagementIdentify and mitigate invoice-related risks like duplicate payments, fraud, SLA breaches, and DOA deviationsMaintain business continuity and drive balance-sheet integrity standardsQualifications & SkillsBachelor s degree in commerce \/ business administration or related field5+ years in AP\/invoice processing, with 3+ years in a supervisory or managerial roleERP proficiency (preferably SAP HANA) and strong MS Excel skillsKnowledge of contract terms, risk management, cash handling, budgeting, and variance analysisTeam management, stakeholder coordination, and vendor communication expertiseStrong problem-solving, accuracy, and audit-readinessExperience with automation tools and process re-engineeringWork ContextStrong understanding of procurement and contracts from a commercial standpointRole typically based in Shared Services or Commercial Finance teamsExperience in renewable energy (solar\/wind), EPC, or IPP sector preferredModerate travel to vendor sites and project locations involvedIdeal CandidateYou re a seasoned commercial leader with deep expertise in accounts payable and vendor invoice operations. You excel at managing teams, optimizing process flows, negotiating commercial terms, and building strong vendor and cross-functional relationships. Your data-driven mindset drives improvements in efficiency, controls, and cost justification.",